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Manufacturing Drops 'like A Stone'

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Double dip recession fears were fuelled today after a key measure

of the health of manufacturing sector "dropped like a stone" to a 28-month low.

A closely watched survey by Markit/CIPS, in which a score of under 50 represents contraction, dropped to 47.4 in October, down from 50.8 the previous month, and its lowest level since June 2009.

The report's authors said the most worrying aspect of the survey was that new orders declined at the quickest pace since March 2009.

Levels of output, new orders and employment were all lower than one month earlier as the crisis in the eurozone hit demand from overseas, while the UK market remained subdued amid the squeeze in consumer spending.

And the sector has now signalled a deterioration in overall operating conditions for three out of the last four months.

Quick get on the blower to Merv he needs to crash the pound more to get this manufacturing led recovery kickstarted.

Jesus if we only had the financial wizards running the manufacturing base we'd all be far better off... :ph34r:

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  • 285 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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